Tag: crypto Canada

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Bitcoin Mining Company Hut 8 to Bid for Natural Gas Power Plants and Bitcoin Facility

November 7, 2023

Hut 8, a public Bitcoin mining company, announced it has been cleared to issue a “stalking horse” bid for several natural gas power plants and a Bitcoin mining site. The Canada-based miner hopes to integrate these services to expand its business to sell power to the market and develop artificial intelligence activities. Hut 8 to…
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Bank of Canada Study: CBDC Can Help Overcome Inclusion Issues

October 10, 2023

A recent study conducted by the Bank of Canada delved into the role a central bank digital currency (CBDC) would play in improving financial inclusion, digital inclusion, and accessibility. The study concludes that while the Canadian financial ecosystem is inclusive, a CBDC might help tackle several challenges not dependent on the system itself. Bank of…
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